U.S. Income Tax Basics: CNBC Explains
By: CNBC Explains
The amount of tax you pay depends on how much money you make. For anyone who has computed taxes, “tax brackets” are a familiar term — but how they work can be complicated. Salman Khan of the Khan Academy breaks down and explains the U.S. income tax schedule.
From this video, you’ll understand:
- How the US federal tax rate schedule works
- What “tax brackets” mean
The amount of tax you pay depends on how much money you make. For anyone who has computed taxes, “tax brackets” are a familiar term -- but how they work can be complicated. Salman Khan of the Khan Academy breaks down and explains the U.S. income tax schedule.
